Spectaire Closes $2.0 Million Equity Investment
March 21 2024 - 8:00AM
Spectaire Holdings Inc. (NASDAQ: SPEC) (“Spectaire”) has announced
that it has closed a $2.0 million private placement with True
Remainders Ltd. for the sale and issuance of (i) an aggregate of
1,538,461 shares of Spectaire common stock, and (ii) an
accompanying warrant to purchase up to 1,538,461 shares of
Spectaire common stock (the “Warrant”) at an exercise price of
$1.30 per share. The Warrant is immediately exercisable and may be
exercised at any time until March 18, 2027.
“I am a long-term shareholder and believe in the future of
Spectaire,” said John Hultink, founder of True Remainders. “I have
a firm belief that any company that has miniaturized an instrument
such as a mass spectrometer, and has successfully deployed the
technology, will have a great future. I look forward to continuing
to support Spectaire as the company progresses.”
“John is a valued partner, and we welcome his investment, which
enables us to increase our manufacturing capacity to address
growing demand,” says Brian Semkiw, CEO of Spectaire.
About Spectaire Holdings Inc.: Spectaire
Holdings Inc. (NASDAQ: SPEC) stands at the forefront of air quality
and emissions reduction technology. With a relentless focus on
innovation and environmental sustainability, Spectaire is committed
to helping industries monetize their investments in emissions
mitigation to the benefit of their businesses, the economy, and the
environment. For more information, please visit
www.spectaire.com.
For additional information,
contact:IR@spectaire.com
Dave GentryRedChip Companies,
Inc.1-800-733-24471-407-491-4498SPEC@redchip.com
Forward-Looking Statements
This release contains certain forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“would,” “will continue,” “will likely result” and similar
expressions.
The forward-looking statements are based on the
current expectations of the management of Spectaire and are
inherently subject to uncertainties and changes in circumstances
and their potential effects and speak only as of the date of such
statement. There can be no assurance that future developments will
be those that have been anticipated. Forward-looking statements
reflect material expectations and assumptions, including, without
limitation, expectations, and assumptions. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by Spectaire with the U.S.
Securities and Exchange Commission (the “SEC”) and the following:
Spectaire’s ability to operate as a going concern; Spectaire’s
requirement of significant additional capital; Spectaire’s limited
operating history; Spectaire’s history of losses; Spectaire’s
ability to attract qualified management; Spectaire’s ability to
adapt to rapid and significant technological change and respond to
introductions of new products in order to remain competitive; the
loss of, or nonperformance by, one or more significant customers;
disruptions of Spectaire’s manufacturing operation; changes in
governmental regulations reducing demand for Spectaire’s products
or increasing Spectaire’s expenses; the effects of global health
crises on Spectaire’s business plans, financial condition and
liquidity; changes or disruptions in the securities markets;
legislative, political or economic developments; Spectaire’s
failure to obtain any necessary permits or comply with laws and
regulations and other regulatory requirements; accidents, equipment
breakdowns, labor disputes or other unanticipated difficulties or
interruptions; potential cost overruns or unanticipated expenses in
development programs; potential legal proceedings; and Spectaire’s
failure to obtain or maintain insurance covering all of Spectaire’s
operations.
Should one or more of these risks or
uncertainties materialize or should any of the assumptions made by
the management of Spectaire prove incorrect, actual results may
vary in material respects from those projected in these
forward-looking statements.
All subsequent written and oral forward-looking
statements concerning matters addressed herein and attributable to
Spectaire or any person acting on its behalf are expressly
qualified in their entirety by the cautionary statements contained
or referred to herein. Except to the extent required by applicable
law or regulation, Spectaire undertakes no obligation to update
these forward-looking statements to reflect events or circumstances
after the date hereof to reflect the occurrence of unanticipated
events.
No Offer
This communication is for informational purposes
only and shall neither constitute an offer to sell nor the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdictions.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act or an exemption therefrom.
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